Hsbc Holdings PLC acquired a new position in JFrog Ltd. (NASDAQ:FROG – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 10,714 shares of the company’s stock, valued at approximately $678,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. UBS Group AG raised its position in shares of JFrog by 293.8% during the 4th quarter. UBS Group AG now owns 296,419 shares of the company’s stock valued at $18,514,000 after buying an additional 221,155 shares in the last quarter. Dana Investment Advisors Inc. purchased a new position in JFrog in the fourth quarter worth $2,013,000. Summit Partners Public Asset Management LLC grew its position in JFrog by 77.8% in the fourth quarter. Summit Partners Public Asset Management LLC now owns 1,587,525 shares of the company’s stock worth $99,157,000 after acquiring an additional 694,700 shares in the last quarter. Robeco Schweiz AG bought a new position in JFrog in the fourth quarter valued at $11,293,000. Finally, J. Safra Sarasin Holding AG increased its stake in JFrog by 29.1% in the fourth quarter. J. Safra Sarasin Holding AG now owns 193,467 shares of the company’s stock valued at $12,084,000 after acquiring an additional 43,633 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.
JFrog Stock Up 0.1%
Shares of FROG opened at $91.28 on Thursday. The stock has a market capitalization of $11.06 billion, a P/E ratio of -172.23 and a beta of 1.20. JFrog Ltd. has a twelve month low of $34.05 and a twelve month high of $99.22. The firm has a fifty day simple moving average of $80.75 and a two-hundred day simple moving average of $60.48.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on FROG. Barclays lifted their price target on JFrog from $75.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. increased their price objective on JFrog from $68.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. DA Davidson set a $90.00 price objective on JFrog in a report on Friday, May 8th. Wall Street Zen downgraded JFrog from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of JFrog in a research note on Monday, June 15th. Twenty-one research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.67.
View Our Latest Stock Report on JFrog
Insider Activity at JFrog
In other JFrog news, CTO Yoav Landman sold 150,000 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $89.99, for a total value of $13,498,500.00. Following the completion of the sale, the chief technology officer owned 5,539,038 shares in the company, valued at approximately $498,458,029.62. This trade represents a 2.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederic Simon sold 120,000 shares of JFrog stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $85.84, for a total value of $10,300,800.00. Following the completion of the sale, the director owned 3,224,328 shares in the company, valued at approximately $276,776,315.52. This represents a 3.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 917,399 shares of company stock worth $73,629,102 in the last 90 days. Company insiders own 11.80% of the company’s stock.
JFrog Profile
JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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